There Everybody imagines a blissful retirement, full of leisure and the ability to follow their passions.

But inflation is one thing that never goes away. Your retirement savings may not go as far as you had planned due to rising costs.That's why it's crucial to plan ahead and take steps to protect your retirement funds from the impact of inflation.

Here are a few strategies to consider:

• Determine your retirement age and life expectancy

  Life expectancy estimates based on hereditary and medical history. Look at both aspirational as well as practical retirement age.

• Determine monthly expenses

  While some expenses like travel, party cost may go down, expenses like medical may go up. Consider inflation to determine post retirement expenses.

• Determine your retirement corpus

  Your retirement corpus should be enough to last you a lifetime. Don't forget to add uncertainty premium to prepare for life's mishaps. Don't forget, inflation does not retire

• Determine the monthly investment

  Determine the monthly investment required today to reach your retirement goal.